life savings

Jack Holder says he has 1,000 thank you notes to write

(Newser) -
Publishers Clearing House couldn't help Jack Holder. Bank of America said it couldn't help him, either. But nearly 1,000 regular people could, and did, donating more than $65,000 to a GoFundMe account after the 94-year-old Pearl Harbor survivor was scammed out of nearly all of his...
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It was a California man's life savings—and he got it back from Applebee's

(Newser) -
A California woman and her mom are thankful for an eagle-eyed (and honest) Applebee's worker after they left a pouch with $32,000 behind at the restaurant. Erica Gonzalez tells WXIA that she and her mom had taken her dad's entire life savings to the bank to be...
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When selling failed banks, Feds allow buyers to slash expected payout

(Newser) -
There’s a little-publicized part of your bank deposit the FDIC doesn’t insure, and it’s driving scrupulous savers up the wall. The logic is simple enough: When the FDIC takes over a failed bank and resells its assets, it allows buyers to alter interest rates, particularly on CDs....
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